Deals
Deal Roundup: Kream takes in $168m
Naver, SoftBank and Samsung backed Kream’s $168m series C round while BMS and Lyell helped lift Outpace Bio’s series A to $55m.
Mar 24, 2023
The Big Deal: eToro's value shrinks on financial markets turmoil
Online trading platform eToro's valuation was cut by two-thirds in a $250m round this week, as the financial markets slump hits the sector.
Corporate VC deals continue to decline in February
The number of startup funding rounds backed by corporate investors dropped 43% year-on-year in February. Deal value was down by two-thirds.
Deal Roundup: JD Industrials builds $300m series B round
JD Group spinoff JD Industrials raised $300m in a series B round co-led by by G42 while Mizuho Bank led Kredivo’s $270m series D.
Deal Roundup: eToro finds $250m funding
Ion Group and SoftBank backed online trading platform eToro at a $3.5bn valuation while Axa helped health benefits provider Gravie raise $179m.
Strangeworks' Hitachi-led round solidifies quantum deal rush
Strangeworks raised $24m in series A funding from investors including Hitachi, Raytheon and IBM, with the quantum computing sector well over halfway to its 2022 CVC funding total.
Deal Roundup: Illuminate Financial brightens up with $200m
Multiple finance-focused corporates helped supply $200m for Illuminate Financial's third fund while Reebelo’s Naver-backed series A round now stands at $50m.
Deal Roundup: Barclays backs Zedify funding package
Zero-emission courier service Zedify secured over $6m while Naspers closed its $100m Naspers Foundry fund.
Categories
Online
Jun 22, 2023
London (UK)
New York, NY (USA)
Oct 25, 2023
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Nov 15, 2023
Tokyo (Japan)
News Continued
Deal Roundup: Walmart adds $200m for PhonePe
Walmart invested another $200m in PhonePe while Polygon, Ripple and GSR are among the LPs in Blockchain Founders Fund’s $75m second vehicle.
The Big Deal: Viridos tries to crack algae biofuel
Andrew Chang, MD of United Airlines' venture unit, tells us sustainable jet fuels like that of portfolio company Viridos are a strategic priority, but how viable will they be long term?
Deal Roundup: Clever Care clears $41m series C round
Alphabet led Clever Care Health Plan’s $41m series C while Heritage Group and Prologis participated in SolarCycle’s $30m series A round.
Deal Roundup: G42 gets $100m ByteDance stake
G42 acquired shares from existing backers including SoftBank and SIG valuing ByteDance at $220bn while Novartis co-led Mediar’s $85m series A round.
Deal Roundup: WeRide files for $500m US listing
Several corporates are in line to exit WeRide through an IPO that could raise $500m, while CNH Industrial bought portfolio company Augmenta for $110m.
Deal Roundup: Masttro amasses $43m
Citi Ventures took part in a $43m round for Masttro while Banpu Next and Equinor Ventures contributed to Green Li-ion’s $20.5m pre-series B.
Editor's Picks
The Big Deal: Viridos tries to crack algae biofuel
Andrew Chang, MD of United Airlines' venture unit, tells us sustainable jet fuels like that of portfolio company Viridos are a strategic priority, but how viable will they be long term?
The Big Deal: Web3 stays strong at seed stage as Kratos raises…
Kratos Studios and Chaos Labs each secured $20m, part of a raft of rounds this week showing corporates are still backing new Web3 startups despite the FTX fallout.
The Big Deal: Risilience rides the ESG wave
The environmental analytics provider's National Grid-backed series B round shows the interest around startups who can use data to help corporates fulfil their environmental data requirements.
The Big Deal: Pasqal highlights quantum's strong start to 2023
Pasqal's $109m series B is the fourth corporate-backed round for a quantum computing startup this month, and its capabilities make the sector a strategic bet for a range of corporates.
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